The Heights geothermal district energy system
MnCIFA loan for $4.7 million with 5-year term. District-scale geothermal system designed to provide clean energy for the entire 112-acre redevelopment site; operated by newly created nonprofit that owns the energy system.
Geothermal district energy
In a first for Minnesota, this networked geothermal system uses aquifer thermal energy, drawing water from underground aquifers to heat and cool buildings. The highly efficient system, in tandem with solar and energy storage, significantly reduces energy costs and improves energy reliability.
All buildings at The Heights site are required to use the geothermal system. It will serve about 1,000 new housing units, including affordable homes and rentals, and 1 million square feet of light industrial space. Loan repayment will be via federal Investment Tax Credits.
Approved by MnCIFA Board of Directors
About The Heights
More about The Heights redevelopment site:
- Redevelopment of former golf course
- Master developer: St. Paul Port Authority
- Public infrastructure, amenities: City of St. Paul
- Housing partners: Sherman Associates, JO Companies, Twin Cities Habitat for Humanity
- Energy developer: Ever-Green Energy
- Founding site partners: Xcel Energy Saint Paul Service Center, Habitat for Humanity
- Additional project funding: Minnesota Department of Employment and Economic Development U.S. Environmental Protection Agency
- More info: TheHeightsSaintPaul.com